The COVID-19 crisis was quite frankly, weird, for the healthcare sector. With efforts squarely focused on fighting the virus, a lot of other medical procedures were put on hold. But not anymore. With things getting back to normal, the medical community is now back to providing care for a lot of other ailments. This has been a boon for our Best Dividend Protection Stocks Model Portfolio pick.
Our pick is one of the largest medical device stocks in the world, with a huge portfolio of products spanning cardiac, spinal, surgical and other needs. This huge product portfolio spans not only low-margin, basic must haves for hospitals, but also A.I.-driven devices and needs for advanced procedures. The combination has worked well for decades, providing plenty of dividend growth and profits.
With the backlog of medical procedures now on the table, our pick has been able to feast further and features plenty of growth. And it’s not shy about sharing that growth with investors, as is evident by its latest nearly 8%% dividend increase.
With plenty of potential for now and into the future, our pick makes an ideal selection for conservative investors. Watch for when the stock goes ex-dividend on Friday, August 30 (estimated date).
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
